Whether it is a honeymoon or a much-awaited vacation with your gang, financing a trip is no more a tedious task nor does it burn a hole in your pocket. You ask how? Travel loans help you cover all the expenses of your trip. This is an unsecured personal loan which you can avail easily with minimal documentation. Here we explain what a travel loan is and how it works. But before that, let’s look at some tips on how to plan your ideal vacation.
Tips to Plan Your Ideal Vacation
- Pick the right destination
A vacation is where you take a break from your daily chores. This is where you unwind and relax. So the type of destination you choose plays an important role in your trip. The destination you travel to should be a place where you love to explore things and one which resonates with you. If you are a mountain person you might go on a hike to Machu Pichu; if you are a beach person, then you might visit the turquoise beaches of Seychelles or if you love history and architecture, you might want to visit Rome. The list is endless.
- Research everything about the place
Once you have decided the destination you want to visit, you need to research everything about it. From the tourist spots to things to do to hotels and transport, everything has to be planned out. If kids are involved, then you need to check if the destination is kid friendly and the weather is not harsh.
- Make a Travel Budget
Once you know what places to visit and what things to do, you need to make a budget. Make a budget of how much can you spend on flights, stay, food and sightseeing. Also if you plan to ?apply for a travel loan then you should have an estimated amount for your travels as this will be the amount you can avail a loan for.
- Check your finances
Compare your budget with the finances that you have. If there is a huge gap, then you can avail a travel loan.
How does a Travel Loan Work?
A Travel Loan is an unsecured loan. It is a type of personal loan which you can take to finance your holiday. There is no collateral involved. A travel loan is approved based on your credit score. If your credit score is healthy, then your chances for loan approval are definitely good. You can repay the loan with EMIs within the tenure range of 3 months to 24 months. You can avail a travel loan with Indiabulls Dhani for ₹ 1,000 to ₹ 15 Lakhs.
How to Apply for a Travel Loan?
You can now avail a travel loan online in India with just a few clicks. Follow these steps below to apply for a travel loan with Indiabulls Dhani.
- Visit the Indiabulls Dhani website or download the mobile app by the name ‘Instant Personal Loan App – Indiabulls Dhani’ from the Google Play Store or Apple App Store
- Log in using your phone number
- Verify the number with the received OTP
- Choose the loan amount and tenure
- Fill in your identity and address proof details
- Get the loan approval on the spot
- The money is disbursed into your account in just a few minutes
What is the Eligibility Criteria for a Travel Loan?
All resident Indians aged 21 years and above, salaried or self-employed, are eligible for a travel loan with Indiabulls Dhani.
What are the Current Travel Loan Interest Rates?
The interest rates for travel loan with Indiabulls Dhani start at 11.99%
Avail a travel loan from Indiabulls Dhani and enjoy your trips without the stress of the finances.
Happy travels to you!